{"id":68090,"date":"2024-02-21T17:12:41","date_gmt":"2024-02-21T06:12:41","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=68090"},"modified":"2025-11-10T22:07:40","modified_gmt":"2025-11-10T11:07:40","slug":"wednesday-21st-february-2024-asian-markets-navigate-volatility","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-21st-february-2024-asian-markets-navigate-volatility\/","title":{"rendered":"Wednesday 21st February 2024: Asian Markets Navigate Volatility"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.17%, Shanghai Composite up 1.85%, Hang Seng up 2.27% ASX down 0.66%<\/li>\n\n\n\n<li>Commodities : Gold at $2041.5 (0.09%), Silver at $23.17 (0.24%), Brent Oil at $82.45 (0.26%), WTI Oil at $77.37 (0.28%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.272, UK 10-year yield at 4.087, Germany 10-year yield at 2.376<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) CPI m\/m 0.0% vs 0.4% expected<\/li>\n\n\n\n<li>(CAD) Median CPI y\/y 3.3% vs 3.6% expected<\/li>\n\n\n\n<li>(CAD) Trimmed CPI y\/y 3.4% vs 3.6% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Hong Kong stocks surged over 2% amid mixed trading in the broader Asia-Pacific markets influenced by Wednesday&#8217;s Wall Street losses. The Hang Seng index gained 2.36%, buoyed by strong performances in property, technology, and health-care stocks, while China&#8217;s CSI 300 also rose by 2.55%.<\/p>\n\n\n\n<p>Conversely, Japan&#8217;s Nikkei 225 declined 0.34% due to a significant drop in business confidence among Japanese manufacturers. The Reuters Tankan poll reported a confidence level of -1 in February, marking the first negative reading since April of the previous year. This follows Japan&#8217;s recent entry into a technical recession, resulting in a loss of its position as the world&#8217;s third-largest economy to Germany.<\/p>\n\n\n\n<p>South Korea&#8217;s Kospi saw a slight decrease of 0.29%, and Australia&#8217;s S&amp;P\/ASX 200 dipped by 0.66%, closing at 7,608.4. In the U.S. overnight, all three major indexes concluded in negative territory. A broader tech decline, led by Nvidia ahead of its earnings report, impacted the market. The Dow Jones Industrial Average edged down 0.17% to settle at 38,563.80 points, the S&amp;P 500 experienced a 0.6% decline, closing at 4,975.51, and the Nasdaq Composite, heavily influenced by the tech sector, lost 0.92%, concluding at 15,630.78.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:30 PM GMT &#8211; CAD NHPI m\/m<\/li>\n\n\n\n<li>7:00 PM GMT &#8211; USD FOMC Meeting Minutes<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Hong Kong stocks surged [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68090"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=68090"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68090\/revisions"}],"predecessor-version":[{"id":68096,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68090\/revisions\/68096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/79815"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=68090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=68090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=68090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}